USDJPY
Today Pivot Point
USDJPY
Last Week High - 111.05. Low - 107.54. Close - 108.32.
This Week Pivot Point
3rd Resistance = 113.91. 2nd Resistance = 112.48. 1st Resistance = 110.40.
Pivot = 108.97.
3rd Support = 103.38. 2nd Support = 105.46. 1st Support = 106.89.
Last High - 108.61. Low - 107.54. Close - 108.32.
Today Pivot Point
3rd Resistance = 109.84. 2nd Resistance = 109.22. 1st Resistance = 108.77.
Pivot = 108.15.
3rd Support = 106.63. 2nd Support = 107.08. 1st Support = 107.70.
Daily Chart
4 hours Chart
Last Friday a long spike at the bottom; it is a Hammer Pattern. A Bullish Reversal Trend. Currently had been reached today Resistance 1 at 108.77. Today we may see the Yen may continue look target Resistance 2 at 109.22.
Strategy
Buy 108.50/60 Profit Target at 109.22, or further to 109.50 or Resistance 3 at 109.84. Stop well below 108.00.
EURUSD
Last Week Open - 1.4659. High - 1.4964. Low - 1.4622. Close - 1.4822.
This Week Pivot Point -
Classic Formula
Note: Today US market Holiday for the Thanksgiving Days.
Important Economic Calendar - Forex Factory.
Europe
2.00 pm - German GDP(q/q)
Forecast = 0.7%. Previous = 0.3%.
4.00 pm - Current Account.
Forecast = 4.0B. Previous = 3.8B.
5.00 pm - Industrial New Order(m/m).
Forecast = -0.7%. Previous = 0.3%.
Swiss
3.15 pm - Employment Level.
Forecast = -. Previous = 3.74M.
UK
4.30 pm - Business Investment(q/q).
Forecast = 1.0%. Previous = 0.4%.
Technical Analysis
GBPUSD
Last High = 2.0697. Low = 2.0520. Close = 2.0628.
3rd Resistance = 2.0876.
2nd Resistance = 2.0786.
1st Resistance = 2.0707.
Pivot = 2.0617.
1st Support = 2.0538.
2nd Support = 2.0448.
3rd Support = 2.0369.
Cable may tight range between the Trendline Resistance(around 2.0670) and Trendline(2.0560) Support.
Option 1 sell around 2.0670 with profit target around 2.0580 or
Option 2 buy around 2.0570 with profit target around 2.0660. Stop below 30pips.
Option 3, if break above 2.0710 may target 2.0780.
Option 4, if break below 2.0500 target 2.0380.
Important Economic Calendar - Forex Factory.
UK
4.30 pm - MPC Meeting Minutes.
Forecast = 7 - 2. Previous = 8 - 1.
US
8.30 pm - Unemployment Claims.
Forecast = 330K. Previous = 339K.
10.00 pm - Consumer Sentiment.
Forecast = 75. Previous = 75.
Technical Analysis
GBPUSD
Last High = 2.0680. Low = 2.0455. Close = 2.0662.
Today Pivot Point
3rd Resistance = 2.0968.
2nd Resistance = 2.0824.
1st Resistance = 2.0743.
Pivot = 2.0599.
1st Support = 2.0518.
2nd Support = 2.0374.
3rd Support = 2.0293.
Strategy
Sell below today Pivot around 2.0590 with target 2.0520. Stop above 2.0620. Or Buy around 2.0610 with profit target around 2.0740 stop below 2.0590.
Important Economic Calendar - Forex Factory.
European
2.45 pm(Jakarta Time) - French Non-Farm Employment(q/q)(p).
Forecast = 0.3%. Previous = 0.3%.
3.15 pm - Swiss Retail Sales(y/y).
Forecast = 4.1%. Previous = 3.8%.
4.00 pm - Italian Trade Balance.
Forecast = -1.4B. Previous = -0.7B.
5.00 pm - Europe Trade Balance.
Forecast = 3.0B. Previous = 1.3B.
US
9.00 pm - TIC Net Long-Term Transaction.
Forecast = 72.0B. Previous = 69.3B.
9.15 pm - Industrial Production(m/m).
Forecast = 0.1%. Previous= 0.1%.
9.15 pm - Capacity Utilization Rate.
Forecast = 82.0 Previous = 82.1.
Technical Chart Analysis.
GBPUSD
Last High = 2.0619. Low = 2.0415. Close = 2.0438.
Today Pivot Point
3rd Resistance = 2.0770.
2nd Resistance = 2.0694.
1st Resistance = 2.0566.
Pivot = 2.0490.
1st Support = 2.0362.
2nd Support = 2.0286.
3rd Support = 2.0158.
Today strategy.
Direction - Down.
Sell around Pivot 2.0490 with Profit Target around 2.0340. Stop above 2.0520.
Technical Chart Analysis
EURUSD
Yesterday resulted losses 20 pips.
Last High = 1.4633. Low = 1.4518. Close = 1.4616.
Today Pivot Point
3rd Resistance = 1.4775.
2nd Resistance = 1.4704.
1st Resistance = 1.4660.
Pivot = 1.4589.
1st Support = 1.4545.
2nd Support = 1.4474.
3rd Support = 1.4430.
Today Strategy
Direction = Up.
Suggest Sell around 1.4650 with 1st profit target 1.4570; 2nd target around 1.4430. Stop above 1.4680.
Important Economic Calendar please scroll down.
Resulted for USDJPY - Profit 80 pips.
Technical Chart Analysis
GBPUSD
Last High = 2.1171. Low = 2.0870. Close = 2.0903.
Today Pivot Point
3rd Resistance = 2.1393.
2nd Resistance = 2.1282.
1st Resistance = 2.1092.
Pivot = 2.0981.
1st Support = 2.0791.
2nd Support = 2.0680.
3rd Support = 2.0490.
Strategy
Direction = down.
Sell around 2.0875 with 1st profit target at 2.0800, then set trailing stop 30 pips if below 2.0750.Stop above 2.0915.
Today US market holiday.
Important Economic Calendar - from Forex Factory.
Japan
6.50 am(Jakarta Time) - CGPI (y/y)
Forecast = 2.2%. Previous = 1.7%.
6.50 am - Current Account
Forecast = 2.10T. Previous = 2.19T.
12.00 pm - Household Confidence
Forecast = . Previous = 44.1.
UK
4.30 pm - PPI(Producer Price Index) Input(m/m)
Forecast = 1.5%. Previous = 3.2%.
4.30 pm = PPI Output(m/m).
Forecast = 0.2%. Previous = 0.1%.
Technical Chart Analysis.
USDJPY
Last High = 112.86. Low = 110.49. Close = 110.69.
Today Pivot Point
3rd Resistance = 114.57.
2nd Resistance = 113.71.
1st Resistance = 112.20.
Pivot = 111.34.
1st Support = 109.83.
2nd Support = 108.97.
3rd Support = 107.46.
Strategy
Direction = Down
Sell around Pivot or Trendline Resistance with profit target today support 1. Stop 111.40
See chart below:
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